EPMV vs JMEE

EPMVDHarbor Mid Cap Value ETF (EPMV)

JMEEAJPMorgan Small & Mid Cap Enhanced Equity ETF

In short

EPMV Harbor's mid-cap value ETF, launched in 2025, runs a concentrated book of roughly 60 US stocks aimed at long-term total return. Active-manager pricing, a short history, and a portfolio built to look nothing like an index.

JMEE Enhanced indexing, not index hugging for its own sake: JMEE keeps sector weights close to the S&P 1000, then lets proprietary stock rankings pick the names. Roughly 700 holdings at 0.35%.

Stated mandate

EPMV The Fund seeks long-term total return.

JMEE The fund seeks returns above the S&P 1000 Index by using proprietary stock rankings and fundamental analysis, while maintaining broadly similar sector weights.

Why people hold it

• EPMV Concentrated by design: roughly 60 names, so individual stock picks register instead of getting diluted across hundreds of positions.
• The mandate is plain: principally US common stocks and other equity securities, with long-term total return as the stated objective.
• The portfolio is the strong suit here. Its holdings stack up better against active US equity peers than its price tag does.

• JMEE Index shape, active edges. Sector weights stay broadly in line with the S&P 1000 while proprietary rankings and fundamental analysis pick the stocks, spread over roughly 700 names.jpmorgan.com
• 0.35% with no waiver holding it there, below the median for active small/mid-cap funds. Cheaper than DFMC at 0.43%; AVMC (0.18%) and FEMV (0.23%) undercut it.
• Not a 2020s startup: the strategy dates to 1998 and runs a multi-billion-dollar book, so the research process has been through a few full market cycles.
• One of the strongest implementations in the active small/mid-cap group.

Worth knowing

• EPMV The fee is 0.88% a year, above the typical active US equity ETF and far above index-plus rivals like DFAC (0.17%) and DFAU (0.12%).
• It launched in May 2025, so there is little track record to judge, and trading is thin enough that spreads deserve a look before you place an order.
• Distributions arrive once or twice a year, not quarterly or monthly.

• JMEE Active, not a replicator. There is no index to copy, so results ride on JPMorgan's stock rankings rather than a published rulebook.
• Benchmark-like sector weights mean it moves with the small and mid-cap market. This is a tilt on that exposure, not a cushion against it.
• Distributions land once or twice a year, and it trades moderately rather than heavily, so spreads matter more than in the biggest index funds.

Full EPMV profile⁠

Full JMEE profile⁠